Ron Paul was asked about student loan programs, which have made debt
slaves out of countless kids, in his excellent interview on Meet the
Press. Here’s an excerpt from Rollback, my book from earlier this year,
that amplifies his points:

We know all about the easy-money policies that lured people into
crushing amounts of mortgage debt, but we hear less about how those same
policies have encouraged impossible amounts of debt related to higher
education, for undergraduates and graduate students alike – especially
in the wake of the financial crisis, when the job picture for these
students is so bleak. (Many of them have indeed found employment, to be
sure, but not quite the jobs they were looking for.)